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International Trade

Chrysler, Ford and GM have supported every major trade agreement negotiation to establish a 21st Century Trans-Pacific Partnership (TPP) free trade agreement with Australia, Brunei, Chile, New Zealand, Malaysia, Peru, Singapore and Vietnam. AAPC also works to support U.S. trade relationships with other countries around the globe.

The Trans Pacific Partnership

The TPP will also provide a high standard free trade agreement model for the Asia-Pacific region, and a solid economic anchor for the United States in Asia to prevent an economic and trade divide in the middle of the Pacific region.

International Trade, and the TPP, will allow the U.S. to build on existing free trade agreements with four of the eight other countries (Australia, Chile, Peru, Singapore) by better coordinating and harmonizing gains already made in prior trade agreements with those nations. The TPP will serve as a substantial step forward by establishing free trade agreements with four new U.S. trade partners (Brunei, Malaysia, New Zealand and Vietnam). Finally, the agreement will allow the nine signatories to establish a model agreement capable of serving as a high-standard, broad-based regional pact.

Jul 24 2013
Written by William Mauldin | Posted on The Wall Street Journal

Japan’s official entry Tuesday into trade talks with Asian and Pacific countries is already drawing some concerns in the U.S.

After the U.S., Japan is now the second-biggest economy in the Trans-Pacific Partnership, or TPP, a group of countries that is seeking to finish negotiations on a wide-ranging trade deal as early as this year.

Jul 24 2013
Written by Brian Wingfield | Posted on Bloomberg Businessweek

A trade pact among Pacific-region nations should include provisions to prevent currency manipulation, Representative Sander Levin said, siding with U.S. automakers in expressing concern about Japan’s economic policies as the nation formally joins the talks.

“We need an enforceable obligation to avoid manipulating exchange rates,” Levin of Michigan, the top Democrat on the House Ways & Means Committee, said today in remarks for a speech at the Peterson Institute for International Economics in Washington.

Jul 08 2013
Automotive News

WASHINGTON -- After a failed effort to exclude Japan from regional free-trade talks, the Detroit 3 are demanding that U.S. auto tariffs be phased out in no less than 25 to 30 years, Reuters reported

 

Jul 03 2013
Written by Shobhana Chandra | Posted on Bloomberg

The trade deficit in the U.S. unexpectedly jumped in May as imports climbed to the second-highest level on record, pointing to an economy that is overcoming higher taxes and government cutbacks.

The gap widened by 12.1 percent to $45 billion, the biggest since November, from $40.1 billion in April, Commerce Department figures showed today in Washington. The median forecast in a Bloomberg survey of 71 economists called for a $40.1 billion deficit. The value of imports at $232.1 billion was second only to a record $234.3 billion in March 2012.

Jul 03 2013
Inside U.S. Trade

Labor unions and U.S. automotive manufacturers have outlined the concrete steps that they say the Office of the U.S. Trade Representative must take in order to ensure that the inclusion of Japan in the Trans-Pacific Partnership (TPP) talks does not end up harming U.S. companies and workers. On currency manipulation, these groups are aligned, but there appear to be some differences between them on issues like "managed trade" and rules of origin.

The groups made presentations outlining their view at a July 2 hearing of the Trade Policy Staff Committee on Japan's participation in TPP.

Matt Blunt, the president of the American Automobile Policy Council (AAPC), made clear that his group cannot support a final TPP deal unless its demands are met. "Unless the United States secures all of the commitments from Japan that we outlined in our June 9 submission, it will be impossible for the AAPC to support the TPP agreement," Blunt argued at the hearing.

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